NEPRA’s Decision to Increase Electricity Rates by Rs. 3.28 per Unit
Consumers to Face Higher Electricity Costs in NEPRA's Recent Move
The National Electric Power Regulatory Authority (NEPRA) has decided to increase electricity rates.
In a three-month adjustment period, it has been decided to raise electricity prices by Rs. 3.28 per unit. NEPRA has communicated its decision regarding the three-month adjustment to the federal government.
Sources suggest that the increase will be implemented following the approval of the federal government.
NEPRA states that the increase in electricity prices will impose an additional burden of Rs. 159 billion on consumers connected to distribution companies (DISCOs). This increase is part of the fourth quarterly adjustment for the financial year 2022-23.
Consumers will have to make additional payments every month for six months, from October 2023 to March 2024. They will pay Rs. 3.28 per unit in these monthly payments. The increase will also apply to electric consumers.